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The Latest Breaking News from Caixin Global

Tencent Music’s Profit Cut in Half Amid Crackdown on Monopolies, Tax Evasion

The operator of China’s largest online music platform blames declining revenue on increasing competition and ‘changing macro environment’

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Shanghai Composite Index Rose 0.34% on Wednesday

Shenzhen Component Index closed up 0.73%

Caixin Global

Baoneng Chairman Yao Zhenhua Is Not Missing, Despite Court Statement

Debt-laden property and financial services conglomerate posts a picture of Yao at a Shenzhen factory in response to court declaration his whereabouts were unknown

Caixin Global

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Fisher: Wisdom From the Greats to Survive China's Bear Market

Investors should remember ‘if you can keep your head when all about you are losing theirs ... yours is the Earth and everything that’s in it’

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Shanghai Composite Index Rose 0.19% on Tuesday

Shenzhen Component Index closed down 0.49%

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Former Supreme People’s Court Vice President Under Investigation

Shen Deyong, high-profile legal influencer and CPPCC standing committee member, taken away by Communist Party’s top anti-graft watchdog

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Editorial: Three Principles Should Guide China’s Economic Future

Measures that fail to adhere to the principles of market orientation, the rule of law, and internationalization ought to be either reformed or scrapped

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China Warns of ‘Unimaginable’ Fallout if Ukraine-Like Crisis Happened in Asia

Vice Foreign Minister Le Yucheng says that region could be pushed into ‘an abyss’ resulting from Washington’s Indo-Pacific strategy that is ‘as dangerous as the NATO strategy of eastward expansion in Europe’

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Update: Plane Carrying 132 People Crashes in South China

China Eastern Airlines flight goes down in Teng county in the Guangxi Zhuang autonomous region. The number of casualties remains unknown

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South China Province Plans to Set Up International Carbon Trading Center

The holiday destination city of Sanya, Hainan, has been selected as a potential site for exchange, slated to open in the second half of this year

Caixin Global

Shanghai Composite Index Rose 0.08% on Monday

Shenzhen Component Index closed up 0.41%

Caixin Global

China Reports First Covid Deaths in More Than a Year

The country recorded 3,870 new cases amid the worst outbreak since the early days of the pandemic

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Weekly Must-Read: The Seven Factors That’ll Shape China’s Economy This Year

The government is prioritizing infrastructure spending as well as tax refunds and cuts for businesses to boost growth

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Official Fired For Bribery Tried to Put Curse on Investigators

The official in South China’s Guanxi was found guilty of a variety of misconduct, including attempts at witchcraft

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Ling Huawei: Trillion Yuan Profit Transfer Shouldn’t Blur Line Between Central Bank and Finance Ministry

The practice of monetizing fiscal deficits is inappropriate for a country still in the process of establishing a modern fiscal system and modern central banking system

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China Hikes Fuel Prices for the Sixth Time This Year

The NDRC raises the price of gasoline by 750 yuan per ton and diesel by 720 yuan per ton as Russia’s war on Ukraine continues

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Opinion: To Revive Rural China, Define Where Public Space Ends and Private Space Begins

To revitalize China’s villages, the first problem to solve is the lack of a clear line between public and private land

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Shanghai Composite Index Rose 1.12% on Friday

Shenzhen Component Index closed up 0.31%

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news in one place.

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Caixin Global

President Xi Jinping Set to Speak With Biden Friday

Chinese and American presidents plan to continue discussions on the Russia-Ukraine war as well as getting bilateral relations back on track

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A 4-year-old girl died of acute laryngitis in the outbreak-struck city of Changchun, sparking a firestorm of criticism

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Deutsche Bank Joins Global Peers With Link to Beijing Stock Exchange

The German lender can help qualified foreign investors trade shares on the bourse

Caixin Global

China’s First Two Financial Holding Companies Win Approval

Citic unit and Beijing Financial Holdings get central bank’s nod some 18 months after it released rules to tighten oversight of nonfinancial conglomerates

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Three Chinese Companies Plan to Sell Shares in Switzerland

The firms include Sany Heavy Industry, one of China’s top construction-machinery makers

Caixin Global

Shanghai Composite Index Rose 1.4% on Thursday

Shenzhen Component Index closed up 2.41%

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Tencent to Trim Workforce for Online Content and Cloud Business

Tech giant plans undisclosed job cuts in two of six major divisions, reflecting their slowing growth momentum

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